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it's been less than a month since the city of detroit filed the largest municipal. bankruptcy and u.s. history seeking chapter nine protection for nearly twenty billion dollars worth of debt in long term liabilities now michigan state officials have taken the reins of the city's financial matters seeking to find a solution to a problem that many say is been brewing for years but although the detroit faces a dwindling population in the stressed economy the city may be turning a new page. producer amir david recently traveled to detroit to see what lies ahead for the motor city. we cannot and must not and we will not while it may seem like a calamity of the distant past it was only four years ago that the obama administration rode to the rescue of two detroit automakers general motors and chrysler the federal government port eighty billion dollars into the companies extending them a lifeline out of a looming bankruptcy. but it seems the city of detroit won't get the same bailout even after declaring a twenty billion dollar debt becoming the largest municipal bankruptc
it's been less than a month since the city of detroit filed the largest municipal. bankruptcy and u.s. history seeking chapter nine protection for nearly twenty billion dollars worth of debt in long term liabilities now michigan state officials have taken the reins of the city's financial matters seeking to find a solution to a problem that many say is been brewing for years but although the detroit faces a dwindling population in the stressed economy the city may be turning a new page....
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Aug 26, 2013
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he thinks detroit can save itself one neighborhood at a time. what he's doing could be an inspiration for struggling cities everywhere. what happens when social media uncovers unheard, fascinating news stories? it drives discussion across america. share your story on tv and online. can you say stocktopussy? [[voiceover]] every sunday night, al jazeera america city to file for bankruptcy protection. the people living there have had to deal with problems like burned out streetlights that aren't replaced. garbage that's picked up intermittently, vacant homes, all kind of problems. where many see a dying city, this detroit entrepreneur sees opportunity. this motown maverick believes detroiter s save the city one neighborhood at a time. our patricia sabga explains. >> yo you could call him a hand on entrepreneur. >> i work with concrete, metal, wood. i stay away from electricity. way. >> he buys old buildings in detroit in disrepair, fixes them up and starts businesses. right now he's working on his latest venture, pony ride, a collective of almost 4
he thinks detroit can save itself one neighborhood at a time. what he's doing could be an inspiration for struggling cities everywhere. what happens when social media uncovers unheard, fascinating news stories? it drives discussion across america. share your story on tv and online. can you say stocktopussy? [[voiceover]] every sunday night, al jazeera america city to file for bankruptcy protection. the people living there have had to deal with problems like burned out streetlights that aren't...
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Aug 10, 2013
08/13
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you're right in your description of detroit but detroit is kind of one of a kind. it is actually a mistake. there are people who said that. none of them are on this panel. it is a mistake to say we're all greek -- we're all greece or we're all detroit. detroit with its declining tax base, that is really at the heart of many of the problems we're seeing here other cities don't quite face that. and there are bad actors but there are also good actors. it is clear that almost no pension plan is fully funded. almost no pension plan is fully funded. once you get on 80% or 90%, you're in very good shape. >> maybe that's what we need to change. >> i would point out that part of the reason you don't have overfunded pension funds is that government regulations discourage funds from having more than 80% or 90%. that's a real problem. you get years like 2007 or 1999 where you've got a big booming market. and then the irs says disgorge all these extra overfunding that you have. and then when the market crashes, as everyone knew it would, a lot of these ended up in problems. i a
you're right in your description of detroit but detroit is kind of one of a kind. it is actually a mistake. there are people who said that. none of them are on this panel. it is a mistake to say we're all greek -- we're all greece or we're all detroit. detroit with its declining tax base, that is really at the heart of many of the problems we're seeing here other cities don't quite face that. and there are bad actors but there are also good actors. it is clear that almost no pension plan is...
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Aug 30, 2013
08/13
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who moved to the city of detroit from germany in 1851. and set up a farm on then the fringe of the built up city. >> arthur george a professor of urban studies at wayne state university here, has written extensively about detroit. the neighborhood where his family settled mirrors the cities history. >> this empty lot is where his father's home once stood. what goes through your mind now? >> i wish i didn't have to use my imagination, to see what life may have been like when he was a child in this neighborhood. neighborhoods like this, eerily shells. row can do online and find single family hopes for less than $20,000. even less than $500. >> tens of thousands of abandon homes are spread across 139 square miles. an area big enough to include san francisco, and the island of manhattan. a decent home at a good price, might be right next to a boarded up old billing or an empty lot. and that potential bargain may have plenty of expensive strings attached. >> detroit has a very highly developed illegal house stripping industry. we are talking a
who moved to the city of detroit from germany in 1851. and set up a farm on then the fringe of the built up city. >> arthur george a professor of urban studies at wayne state university here, has written extensively about detroit. the neighborhood where his family settled mirrors the cities history. >> this empty lot is where his father's home once stood. what goes through your mind now? >> i wish i didn't have to use my imagination, to see what life may have been like when he...
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on the list of good investments ok i'm not an economist but i would say i just went to detroit recently and i really feel like it's coming back i mean you have to keep in mind this is a city that's already hit a low a major major low and i don't think it can get much lower than i did it's just going to go up from here i mean the hundred dollar houses i mean they're literally just trying to get rid of inventory so how do. we clear the market ok yes the one hundred dollar houses those do exist but on the flip side of that i was there and speaking to people downtown who were telling me that there is an apartment shortage that there are young people moving in and they have no place to live so it's very very ironic thing there's a demand for apartments and loft and condos for the young people that are coming in the city that have a desire who who are these young people who are coming into the city i know we kind of talked about well if there was absolutely means there is huge companies that are taking retire there is one quicken loans in particular which is run by dan gilbert just moved ther
on the list of good investments ok i'm not an economist but i would say i just went to detroit recently and i really feel like it's coming back i mean you have to keep in mind this is a city that's already hit a low a major major low and i don't think it can get much lower than i did it's just going to go up from here i mean the hundred dollar houses i mean they're literally just trying to get rid of inventory so how do. we clear the market ok yes the one hundred dollar houses those do exist...
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Aug 8, 2013
08/13
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you want to see detroit's problem, look at this graph. in 1950, there were almost 2 million people in detroit, 2 million. now that number is down to around the 700,000, which means, when your city is shrinking like that, you end up with an eroding tax base. incapable, completely unable to pay off the pension costs that were incurred. and also not just pensions, but city services, infrastructure, all of it. in comparison, over that same period of time, new york has seen its population grow by more than half a million people, it's not been detroit. and another thing, detroit's economy has been nothing short of catastrophic. according to the city's own bankruptcy court declaration, the city lost approximately 80% of its manufacturing base. new york's economy by contrast has been booming. booming under bloomberg for better or worse. the key industry finance remains atop the world. one factor is that the fact that the city remains utterly and unbelievably racially segregated. this is a map of detroit, with dots corresponding for neighborhoods.
you want to see detroit's problem, look at this graph. in 1950, there were almost 2 million people in detroit, 2 million. now that number is down to around the 700,000, which means, when your city is shrinking like that, you end up with an eroding tax base. incapable, completely unable to pay off the pension costs that were incurred. and also not just pensions, but city services, infrastructure, all of it. in comparison, over that same period of time, new york has seen its population grow by...
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Aug 29, 2013
08/13
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for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action lawsuit in colorado federal court. they claim that their employer, fantasy gentlemen's club in grand junction violated federal and state minimum wage laws. >> ladies just want to get paid. and a delta 4 heavy rocket was launched on wednesday. the classified payload is believed to be $1 billion high powered spy satellite. >>> starbucks is selling a limited crystal incrusted tenth anniversary mug. it's going for $150. >> a popular television commercial selling insurance was the inspiration behind this florida business that brought nomad the camel to work. what's
for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action...
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we're going on i'm doing great talk detroit again because this is your hometown i know you care about it so let's just dive right into it so detroit faces a long and arduous path towards its historic bankruptcy and for an update on this i mean we're here with you now so what's been going on with it for you filing let's just. right there right now obviously it was it did get the green light to go forward was about to start you know bankruptcy proceedings the judge did just set a date august nineteenth is the key day to keep in mind it's a date by which all motions challenges that need to be filed against detroit's eligibility for bankruptcy it's a question that will be addressed in court in october and it may not happen still but if it does happen so these things hearing you know these things can really dry go for your i can't i mean in california two thousand and nine year so i know that the emergency manager wants to see this happen oh ya quicker but when remains to be seen how long it's going to take and we've seen record highs in the stock market this week the s. and p. five hundre
we're going on i'm doing great talk detroit again because this is your hometown i know you care about it so let's just dive right into it so detroit faces a long and arduous path towards its historic bankruptcy and for an update on this i mean we're here with you now so what's been going on with it for you filing let's just. right there right now obviously it was it did get the green light to go forward was about to start you know bankruptcy proceedings the judge did just set a date august...
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Aug 1, 2013
08/13
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i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now. >> thank you very much. >> thank you. >> next. when does a person turn into a hero? we go all fan-go as she celebrates a milestone, don't miss it. >>> on this date, 35 years ago, on july, time news was reporting a test tube baby. this was in the pre-kardashian days, starring in the commercial. he tied a national league record with his 44-game hit streak. and nbc news, the parent company, did something that would forever change the course of history, in july, 1978, nbc news hired a local tv reporter and stuck her right on the air a few weeks later. something that was then called a general cor
i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now....
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Aug 25, 2013
08/13
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i think if the detroit region comes back, i think detroit city may find its role within that region. >> detroit seems to be a story that's sort of at some, in some ways -- opposed to your book and your thesis. because it is a classic case where people left the city for the suburbs, you know, crime grew, it became a negative spiral, more and more -- and the well to do white middle class and upper middle class, just fled the city. they're doing fine i suppose in the outer suburbs, but the city itself imploded. >> it's sort of an outdated narrative. that was the path that everyone beat in the '50s and '60s and '70s, you had the white flight. that's not happening any more. i would agree with jennifer that detroit in many ways is an outlier. in many ways. but one interesting thing about detroit, is planners are looking at it as a great model of how to shrink. that is the proper response. because you need to shrink the city to meet the demands of its inhabitants, otherwise you have abandoned buildings and that fosters more crime, not good for young children to see that growing up. >>> when
i think if the detroit region comes back, i think detroit city may find its role within that region. >> detroit seems to be a story that's sort of at some, in some ways -- opposed to your book and your thesis. because it is a classic case where people left the city for the suburbs, you know, crime grew, it became a negative spiral, more and more -- and the well to do white middle class and upper middle class, just fled the city. they're doing fine i suppose in the outer suburbs, but the...
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motions challenges that need to be filed against detroit's eligibility for bankruptcy it's a question that will be addressed in court in october and it may not happen still but if it does happen so these things hearing you know these things can really drive go for year yet again even in california two thousand and nine years so i know that the emergency manager wants to see this happen a lot quicker but when remains to be seen how long it's going to take and we've seen record highs in the stock market this week the s. and p. five hundred is above seventeen hundred many companies they're bringing in their earnings but large businesses are sitting on more than one trillion dollars one trillion dollars of excess cash you know would you put the detroit on the list of good investments ok i'm not an economist but i would say i just went to detroit recently and i really feel like it's coming back i mean you have to keep in mind this is a city that's already hit a low a major major low and i don't think it can get much lower than this i think it's just going to go up from here i mean old one
motions challenges that need to be filed against detroit's eligibility for bankruptcy it's a question that will be addressed in court in october and it may not happen still but if it does happen so these things hearing you know these things can really drive go for year yet again even in california two thousand and nine years so i know that the emergency manager wants to see this happen a lot quicker but when remains to be seen how long it's going to take and we've seen record highs in the stock...
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Aug 8, 2013
08/13
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detroit bankrupt. that's what they were yelling. check out these fans at the detroit tigers and cleveland indians game. tied at the top of the ninth, let's go tigers cheers, they could not overcome the chants of detroit bankrupt. what a low blow. but detroit got the last laugh. oh, yeah, winning the game in the 14th inning, 6-5. good for them. >>> check this out -- most of us have athletes we admire, but usually from the sidelines. well, at a chelsea/real madrid game it was interrupted by a fan who ran on the field to hug and kiss cristiano ronaldo. the superstar was surprisingly calm and even hugged back before the fans took her away. it's kind of illegal. he is pretty good looking, though. >>> gaga lets loose. and one of the original 90210 stars is telling all about just what went on behind the scenes on that popular show. >>> so yesterday in fairbanks, we were looking at highs in the 80s once again. we broke the record high for the day which was 84. got all the way up to 85 degrees. and many people consider one of the coldest spo
detroit bankrupt. that's what they were yelling. check out these fans at the detroit tigers and cleveland indians game. tied at the top of the ninth, let's go tigers cheers, they could not overcome the chants of detroit bankrupt. what a low blow. but detroit got the last laugh. oh, yeah, winning the game in the 14th inning, 6-5. good for them. >>> check this out -- most of us have athletes we admire, but usually from the sidelines. well, at a chelsea/real madrid game it was interrupted...
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Aug 20, 2013
08/13
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detroit does not have any problem that is 100% unique to detroit. however, it has a scale that is unprecedented, as well as -- it seems to have all of the problems, not just one or two. in the case of like a birmingham or the county that has declared a see their -- that has declared bankruptcy there, it is because of a specific bad investment, a municipal job that went awry and they lost billions of dollars. detroit is really tied to attention problems, and that is unique -- detroit is really tied to its pension problems, and that is unique, and especially scary to americans. as heidi and i discussed many times, this is either a cautionary tale or a blueprint for other cities. we have to wait and watch. there is all of these unknowns happening right now. detroit is certainly not completely unique in its issues. guest: just to follow-up on that, in terms of scale, the second-largest accuracy, jefferson county -- second- largest bankruptcy, jefferson county, alabama, that was long- term by police, $4.5 billion. are $20s liabilities billion-plus. it co
detroit does not have any problem that is 100% unique to detroit. however, it has a scale that is unprecedented, as well as -- it seems to have all of the problems, not just one or two. in the case of like a birmingham or the county that has declared a see their -- that has declared bankruptcy there, it is because of a specific bad investment, a municipal job that went awry and they lost billions of dollars. detroit is really tied to attention problems, and that is unique -- detroit is really...
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Aug 1, 2013
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i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now. >> thank you very much. >> thank you. >> next. when does a person turn into a hero? we go all fan girl as she celebrates a milestone, don't miss it. i dbefore i dosearch any projects on my home. i love my contractor, and i am so thankful to angie's list for bringing us together. find out why more than two million members count on angie's list. angie's list -- reviews you can trust. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything
i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now....
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Aug 1, 2013
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i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now. >> thank you very much. >> thank you. >> next. when does a person turn into a hero? we go all fan-go as she celebrates a milestone, don't miss it. ♪ (woman) this place has got really good chocolate shakes. (growls) (man) that's a good look for you. (woman) that was fun. (man) yeah. (man) let me help you out with the.. (woman)...oh no, i got it. (man) you sure? (woman) just pop the trunk. (man vo) i may not know where the road will lead, but... i'm sure my subaru will get me there. (announcer) love. it's what makes a subaru, a subaru. ♪ [ male announcer ] it started long ago. the joy of g
i mean, detroit is an american city. and who is more american than detroiters? and so we believe that the city of detroit is on the road to recovery, but that recovery is going to require federal intervention. >> pastor david bullock, of the change agency consortium. i know that federal government intervention makes a big difference when you are trying to recover. >> that is right, thank you so much. we have been hit by an economic hurricane, and so we need relief right now....
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Aug 15, 2013
08/13
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new york citnew york city to bee fate as detroit. dealing with the pension and health care cost that has mayor bloomberg calling the risk of a bankruptcy a real concern. connell: david lee miller joins us. >> consider this, detroit is the largest u.s. city to ever declare bankruptcy. up to $18 billion. a little more than three months time. they will elect a new mayor, just days ago mayor bloomberg had his words reverberated around new york. >> bloomberg says pension and health care cost contributing to the financial ruins threaten the economic stability. most new york city employees and retirees pay nothing for $6.3 billion in annual health insurance. workers pay little for pension that have taxpayers on the hook for $8 billion this year. spiegel in your city has 10,000 police officers retired were for under 40 and clayton pensions and they will collect the pensions for the rest of their lives. >> expired at least three years ago, the next mayor will be under pressure to win concessions. >> the unions have tried to wait it out. putti
new york citnew york city to bee fate as detroit. dealing with the pension and health care cost that has mayor bloomberg calling the risk of a bankruptcy a real concern. connell: david lee miller joins us. >> consider this, detroit is the largest u.s. city to ever declare bankruptcy. up to $18 billion. a little more than three months time. they will elect a new mayor, just days ago mayor bloomberg had his words reverberated around new york. >> bloomberg says pension and health care...
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Aug 7, 2013
08/13
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detroit is $18 billion in debt. the average police response time for high priority calls is almost an hour. half the parks have been closed since 2008. 40% of street lights don't work. it does kind of beg the question why would anybody want to run for mayor? >> yeah. that's a good question. i mean, i think right now the two candidates for mayor are both playing their respective strong cards. napoleon is playing i'm a police chief, i'll bring law and order to the city and dugan is saying i'm an ceo and i've turned around other failing organizations in the past and i can work with the emergency manager to turn around detroit. in reality neither have very much power and it rests in the hands of the emergency manager and his boss, the governor of michigan. >> you know what detroit was in its glory days. this was an industrial power house and it didn't bring us just cars but great music. at one point, such a beautiful city, it was called the paris of the west. there are some other midwestern industrial cities and you aha
detroit is $18 billion in debt. the average police response time for high priority calls is almost an hour. half the parks have been closed since 2008. 40% of street lights don't work. it does kind of beg the question why would anybody want to run for mayor? >> yeah. that's a good question. i mean, i think right now the two candidates for mayor are both playing their respective strong cards. napoleon is playing i'm a police chief, i'll bring law and order to the city and dugan is saying...
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Aug 10, 2013
08/13
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look at pictures of detroit today. you see some of the devastation, some of the blighted communities, but yet, there are some people there moving back in and trying to do their best to actually hold their heads above water. what do they have to do to bring this city out of bankruptcy and into a place of promise again? >> well, i think that one of the first things is to have a city run by people that are credible. and -- that people believe if they come in there to try and do something, that -- whatever terms they get are going to be realized. and that when they start building something, it is not going to be torn out from underneath them and retraded like a tax break or things like that. where you find municipalities and states trying to track new business by using hose methods. so i think that's a first step. they have got to make sure that they remain credible and right now i think that's a really big issue. if they can do that, then i think that the next step is to bring in tax breaks and other incentives for new in
look at pictures of detroit today. you see some of the devastation, some of the blighted communities, but yet, there are some people there moving back in and trying to do their best to actually hold their heads above water. what do they have to do to bring this city out of bankruptcy and into a place of promise again? >> well, i think that one of the first things is to have a city run by people that are credible. and -- that people believe if they come in there to try and do something,...
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Aug 8, 2013
08/13
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finally check out the rowdy fans at the detroit tigers and cleveland indians game. let's go tigers cheers could not overcome chance of detroit's bankrupt. what a low blow. but detroit, they did get the last laugh. winning the game in the 14th inning, 6-5. they came out on top. >> last laugh indeed. >>> and now it's time for our first look at politics on this thursday morning. we go back to our top political stories. joining us as he does every thursday, bob franken. bob, good morning. >> good morning. >> let's start with this news about obama not attending the meeting with putin in september. are we seeing beginnings of a new cold war here? >> it's a real shame because the last one went so well. i was so looking forward to another of the jovial photo ops. but it seems to me that cold war is sort of sneaking up on us just a little bit although just about all the parties would deny it. let us not forget that president putin is a project of the kgb. so there is still a lot of sentiment in russia, some hard feelings between the two countries. so, yes, i think we have to
finally check out the rowdy fans at the detroit tigers and cleveland indians game. let's go tigers cheers could not overcome chance of detroit's bankrupt. what a low blow. but detroit, they did get the last laugh. winning the game in the 14th inning, 6-5. they came out on top. >> last laugh indeed. >>> and now it's time for our first look at politics on this thursday morning. we go back to our top political stories. joining us as he does every thursday, bob franken. bob, good...
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Aug 29, 2013
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workers in new york, chicago and detroit have walked off the job demanding higher wages. fast food workers across the country are expected to join this strike today. an average worker makes $15,000 a year and demonstrators want to double that. this is a string of demonstrations that began last november. >>> the british government said legal conditions have been met to take action against syria. the obama administration will brief congressional leaders regarding the latest chemical attack in syria. the president will decide if he'll launch an attack. yesterday he said would like to take action that would not result in long drown out action country. >> here on the syria-libya border there have been refugees coming out of syria. we had 13,000 leaving the country yesterday. certainly far fewer than that today. it is interesting i spoke to a number of people coming out of the country this morning. all of whom said they wanted to bring women and children, family members out into lebanon. the men in the cars all expecting to turn around and go back into syria today and tonight.
workers in new york, chicago and detroit have walked off the job demanding higher wages. fast food workers across the country are expected to join this strike today. an average worker makes $15,000 a year and demonstrators want to double that. this is a string of demonstrations that began last november. >>> the british government said legal conditions have been met to take action against syria. the obama administration will brief congressional leaders regarding the latest chemical...
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Aug 11, 2013
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we will watching out for you. ♪ ♪ >> david: well, first detroit goes bust. will new york and chicago be next? the mayors of those two cities warning that their public pension costs are growing totally out of control, which is really what did in detroit. and many other cities are facing the same time bomb. is this proof it's time to scrap public pensions before they all go bust? hi, everybody. i'm david asman. welcome to "forbes on fox." let's go in focus with steve forbes, john candy, rich carlguard, elizabeth mc donald. should we scrap the public pensions? >> yes. get rid of them. what is public service? a sacrifice. it's supposed to be a short-term sacrifice before you go to the private
we will watching out for you. ♪ ♪ >> david: well, first detroit goes bust. will new york and chicago be next? the mayors of those two cities warning that their public pension costs are growing totally out of control, which is really what did in detroit. and many other cities are facing the same time bomb. is this proof it's time to scrap public pensions before they all go bust? hi, everybody. i'm david asman. welcome to "forbes on fox." let's go in focus with steve forbes,...
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. >> it is moving quickly in detroit's bankruptcy case. a judge is holding a hearing to set an aggressive timeframe for hearings and deadlines. a key issue is whether the city is eligible for qualify for bankruptcy protection. the judge said any objections have to be filed by two weeks from monday with a hearing on the issue in october. detroit's troubles are because of corruption, financial mismanagement, the auto industry collapse, and the dramatically shrunking tax base as people move out. the city has long term debt of $18 billion. >> a southern california woman is recovering this morning after a frightening shark attack in hawaii. retired schoolteacher was snorkeling on maui on wednesday and 30' from shore in water only 10' deep when she was bit. >> i didn't see it coming or see it going. the doctor in the e.r. things according to the bites and where they are it was probably 25' shark. that was his guess. >> she ran to the beach screaming for help and she has bite marks on her back and bruises across her stomach and is expected to rec
. >> it is moving quickly in detroit's bankruptcy case. a judge is holding a hearing to set an aggressive timeframe for hearings and deadlines. a key issue is whether the city is eligible for qualify for bankruptcy protection. the judge said any objections have to be filed by two weeks from monday with a hearing on the issue in october. detroit's troubles are because of corruption, financial mismanagement, the auto industry collapse, and the dramatically shrunking tax base as people move...
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Aug 12, 2013
08/13
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CSPAN2
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about it because there are cities oliver california parchin bankruptcy that are not in the streets that detroit is in but not that far from it and the way they are looking to get money is by grabbing it from the suburbs and that's what they try to sneak in and that is in the right way to do things openly talking about supporting this issue and having a public debate and then the vote is fine with me. >> i'm from the university of missouri columbia and right now i am working to advocate against and hoping to stop common core. what is the detriment facing the common core? >> first i think it involves a dumbing down. common core advocates say we are actually raising the standards for a certain number of states. that is true that the idea is to find a kind of middle ground that you can pull the lowest performers up to but also effectively lowers the standards for the rest of the country. it sounds crazy when you tell people this. why would anyone want to lower standards and the reason, again i think it is a misplaced idea of equity and fairness that there is some sense that too many people who have
about it because there are cities oliver california parchin bankruptcy that are not in the streets that detroit is in but not that far from it and the way they are looking to get money is by grabbing it from the suburbs and that's what they try to sneak in and that is in the right way to do things openly talking about supporting this issue and having a public debate and then the vote is fine with me. >> i'm from the university of missouri columbia and right now i am working to advocate...
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Aug 6, 2013
08/13
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MSNBCW
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in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers get to run that city now, not the people who get elected. so tomorrow we'll go through the motions, more than a dozen candidates will be running in a primary to become detroit's next powerless figure as mayor. finally, speaking of mayoral elections, is it true or false that a town in minnesota has just re-elected for a second mayoral term a 4-year-old boy? is that true or is that false? true. the place is dorsett, minnesota, population 28 on a good day. assuming nobody's on vacation or on a business trip. but one d
in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers...
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Aug 6, 2013
08/13
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MSNBCW
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in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers get to run that city now, not the people who get elected. so tomorrow we'll go through the motions, more than a than a doz will be running in a primary to become detroit's next powerless figurehead mayor who can't do anything. the top two finishers regardless of party will move on to the general election in november and that will give the people of detroit another chance to take part in a pointless exercise in fake democracy that ought to be called a pageant and not an election. and although maybe it's not a bad id
in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers...
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Aug 12, 2013
08/13
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FBC
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>> hie, yeah, charles, on the detroit thing, because i'm from detroit, i'm in detroit. i have to say one thick about that check. yes, we know that was a big mistake, one million in the drawer, you know, kind of like the 13 billion dollars that went poof in the bush administration in iraq. >> nancy, come on. nancy. >> you know, what was not breaking news, what was not national news is we had an election, a mayor primary, the election last week, and in the city of 80% black population, a white guy, a write-in won, a guy who turned around eight hospitals, mike dougin won in a city of 80% african-american people. why is that not big news? that, you know, somebody because of the fiscal abilities was elected by the people of detroit, so to just say go back to the old, oh, a check missing in the drawer. >> in reality, though, to talk about fixing anything, i don't care what it is, an alcoholic or whatever it is, first and foremost, admit you have a problem. i think you, to a certain problem did that by electing someone that may be the city might not have elected before. this i
>> hie, yeah, charles, on the detroit thing, because i'm from detroit, i'm in detroit. i have to say one thick about that check. yes, we know that was a big mistake, one million in the drawer, you know, kind of like the 13 billion dollars that went poof in the bush administration in iraq. >> nancy, come on. nancy. >> you know, what was not breaking news, what was not national news is we had an election, a mayor primary, the election last week, and in the city of 80% black...
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Aug 29, 2013
08/13
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KRON
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the first place detroit tigers but the as absolutely crushing them. three straight, they can make it a clean sweep tomorrow. giants bats came alive too late in california. madison bumgarner didn't have it tonight. willin rosario comes around to score. the rockies starter, you see him striking out bust ere posey. the no-no is intact into the 7th inning. giants do rally, but come up short. rockies win 5-4. yet another cover for nfl rising star colin kaepernick. he is gracing the cover of sports illustrated for the second time. hard to believe he had just 10 year starts. here is harbal talking about his prized quarterback. >> he is a person that studies the game, very impressed with how he goes about his job and he takes on a great responsibility there. he is a very inquisitive guy who wants to know all the details. you have to coach him more or coach him less? he demands to be coached more. that is the kind of person or player he is. >> all right, denver bronco fans are up in arms over this billboard here. other banners around denver featuring the oppos
the first place detroit tigers but the as absolutely crushing them. three straight, they can make it a clean sweep tomorrow. giants bats came alive too late in california. madison bumgarner didn't have it tonight. willin rosario comes around to score. the rockies starter, you see him striking out bust ere posey. the no-no is intact into the 7th inning. giants do rally, but come up short. rockies win 5-4. yet another cover for nfl rising star colin kaepernick. he is gracing the cover of sports...
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Aug 6, 2013
08/13
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. >>> detroit voters go to the polls. >>> and will the amazon entrepreneur change the face of journalism? "early today" back in two. >> announcer: brought to you by the makers of centrum men and women. have you taken the most complete multivitamin today? >>> welcome back. the trial of major nadal hassan is set to begin. it's been nearly four years since the ft. hood military base shooting. 13 people were killed and over 30 wounded in 2009. many of the wounded taking the stand will have to go face to face with hassan. he's opted to represent himself in that trial. >>> an amber alert was put out for two children. the children's mother was found in a burned out house. the identity and manner of death remain undetermined. hannah anderson, 16 and ethan anderson age 8 are believed to have been taken by this man. he was last seen driving blue four-door nissan. >>> a 1500-acre brush fire is roaring through cleveland national forest in california. >>> chevron usa has been convicted of labor code violations in connection with a 2012 explosion at his san francisco bay refinery. the company agreed t
. >>> detroit voters go to the polls. >>> and will the amazon entrepreneur change the face of journalism? "early today" back in two. >> announcer: brought to you by the makers of centrum men and women. have you taken the most complete multivitamin today? >>> welcome back. the trial of major nadal hassan is set to begin. it's been nearly four years since the ft. hood military base shooting. 13 people were killed and over 30 wounded in 2009. many of the...
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Aug 10, 2013
08/13
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CSPAN2
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back in detroit he resold the want ads to union men. stanley took $6.50 an hour to stand on a wobbly scaffold with a bunch of illegal aliens. after houston he tried california, enrolling in a bartending school. when the classes ended his instructor told him, i think you'd be better off looking on your own. so rob stanley, a steel worker who hadn't made steel for over three years, wandered back home to the east side more no other reason than it was spring, and softball was about to start. on a 36 -- as a 36-year-old bachelor, unemployment didn't bother him that much. if his car wasn't running, one of his teammates would always drive him to a game, and eventually he found a new job as a plumber for the federal government, but he really had to start his whole retirement savings over again at age 40. so it's taking him a lot longer to retire than he expected originally. so the last excerpt i'll read a is about what happens to a city after its middle class disappears. this is about chiefland -- cleveland which was the cradle of the housing c
back in detroit he resold the want ads to union men. stanley took $6.50 an hour to stand on a wobbly scaffold with a bunch of illegal aliens. after houston he tried california, enrolling in a bartending school. when the classes ended his instructor told him, i think you'd be better off looking on your own. so rob stanley, a steel worker who hadn't made steel for over three years, wandered back home to the east side more no other reason than it was spring, and softball was about to start. on a...
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Aug 19, 2013
08/13
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KRON
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he's said detroit is insolvent and unable to pay some of its bills, including at least $18 billion in long-term debt. or stopped payment on $2.5 billion in debt in june. >> jpmorgan investigated for china hiring the u.s. government is looking into whether jpmorgan chase hired the children of chinese officials to help it boost its business in china, according to the new york times. the times is citing a u.s. government document for details of the investigation. it says the bank hired the son of a former chinese banking regulator and the daughter of a chinese railway official. the times reports that the railway official was later detained on accusations of taking cash bribes in exchange for handing out government contracts. a jpmorgan securities filing earlier this month said the sec's enforcement division is seeking information about the bank's employment of some people in hong kong and its business relationships with some clients. jpmorgan says it is fully cooperating with regulators. >> washington already has the nation's highest state minimum wage at $9.19 an hour. now, there's a pu
he's said detroit is insolvent and unable to pay some of its bills, including at least $18 billion in long-term debt. or stopped payment on $2.5 billion in debt in june. >> jpmorgan investigated for china hiring the u.s. government is looking into whether jpmorgan chase hired the children of chinese officials to help it boost its business in china, according to the new york times. the times is citing a u.s. government document for details of the investigation. it says the bank hired the...
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Aug 26, 2013
08/13
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i think the federal government should write a check to detroit. i think the federal government should do those kinds of things to all municipalities having trouble. why not? it's in our country. and it can get paid back. i believe in workers, i believe that detroit can turn it around. our next question is from anita. why are the gop -- why is the gop talking impeachment when president obama has done nothing wrong because they have nothing else. and they do believe they can ginn up enough fear and enough enthusiasm to get people to believe this is something that actually could happen. they also do want a vote on impeachment in the house so they can get on record that they have impeached the last two democratic presidents and just stick in the minds of the young people of america that you know the democrats you just can't trust them. they've all got to be impeached. i believe this is as much of a generational signature as it is anything else. stick around. rapid response panel is coming up next. i'm julia boorstin. the dow dropped 64 points. the s&p
i think the federal government should write a check to detroit. i think the federal government should do those kinds of things to all municipalities having trouble. why not? it's in our country. and it can get paid back. i believe in workers, i believe that detroit can turn it around. our next question is from anita. why are the gop -- why is the gop talking impeachment when president obama has done nothing wrong because they have nothing else. and they do believe they can ginn up enough fear...
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Aug 20, 2013
08/13
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FBC
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let the battle begin in detroit. unions are challenging the motor city's bankruptcy filing and cash-strapped cities around the country you can bet are paying close attention. that's next. nicole: we have to check currencies. here is how the u.s. dollar is moving at the moment. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pai it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immedi
let the battle begin in detroit. unions are challenging the motor city's bankruptcy filing and cash-strapped cities around the country you can bet are paying close attention. that's next. nicole: we have to check currencies. here is how the u.s. dollar is moving at the moment. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less...
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Aug 29, 2013
08/13
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for the first time at a plant near detroit. ford hired 1400 new workers for the plant which will produce 350,000 vehicles per year, 30% more than at its factory in mexico. >>> and finally, nintendo cutting the price on the wii-u game console to compete better with the new xbox 1 and playstation 4. nintendo is launching a new lower priced hand-held device. the 2d is in time for holidays. >>> speaking of minimum wage, four strippers have filed a class action lawsuit in colorado federal court. they claim their employer fantasy gentleman's club in grand junction had violated federal and state minimum wage laws. a 23-story tall delta 4 heavy rocket was launched on wednesday from california's vandenberg air force base. the classified payload is expected to be a billion-dollar spy satellite. >>> starbucks is selling a swarovski encrusted mug. >>> and a popular television commercial selling insurance was the inspiration behind this in florida for this business. they actually brought no man the camel to work. the occasion? hump day! wel
for the first time at a plant near detroit. ford hired 1400 new workers for the plant which will produce 350,000 vehicles per year, 30% more than at its factory in mexico. >>> and finally, nintendo cutting the price on the wii-u game console to compete better with the new xbox 1 and playstation 4. nintendo is launching a new lower priced hand-held device. the 2d is in time for holidays. >>> speaking of minimum wage, four strippers have filed a class action lawsuit in colorado...